Backed by the German tech group Rocket Internet, Delivery Hero operates in 33 markets around the world and has a network of more than 300,000 restaurants, while in the UK it owns Hungryhouse, a rival to Just Eat.

According to earlier reports Goldman Sachs, Deutsche Bank and Citigroup were hired a the start of the year to advise on a listing, however, that has not been forthcoming amid a chill in the tech IPO market.

A fellow German food delivery startup backed by Rocket Internet, HelloFresh, which focuses on delivering freshly prepared ingredients to cook at home, at the end of last year postponed a planned IPO.